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Hex Belief to offer custody for native crypto-asset and protocols of Hedera » CryptoNinjas

Written by James Smith

Hex Belief, an Asia-based crypto-asset custodian, at this time introduced its partnership with Hedera Hashgraph, the enterprise-grade public ledger.

Particularly, Hex Belief has built-in the Hedera community and the Hedera Token Service (HTS) normal into Hex Secure, its bank-grade custody platform, enabling help for HBAR, the Hedera community’s native cryptocurrency, and all HTS issuances on the protocol.

Moreover, Hex Belief has been appointed as a strategic custodian of TOKO (a wholly-owned subsidiary of DLA Piper), a digital asset creation engine empowering worth creation, delivered in collaboration with DLA Piper, a Hedera Governing Council member.

Notably, TOKO (a wholly-owned subsidiary of DLA Piper) has appointed BCW Group to guide the TOKO program growth and strategic partnerships to reinforce the platform’s ecosystem choices.

Hex Belief + Hedera

The Hedera Consensus Service (HCS), used for high-throughput, cheap, and verifiable logging of information; and the Hedera Token Service (HTS), used for native token issuance, administration, and switch.

Launched stay last year, HTS permits customers to difficulty digital tokens for any asset on Hedera’s decentralized ledger on the native layer in order that they’ll immediately and securely switch worth with out an middleman.

Something representing worth could be tokenized and transferred, and its worth could be redeemed anyplace. Tokens deployed through the HTS profit from the identical excessive efficiency, safety, and effectivity as HBAR.

“With this collaboration, Hex Belief facilitates the growth of the enterprise-grade protocol by offering banks, monetary establishments, and institutional buyers a secure, safe, and compliant approach to combine HTS-based tokens. Working carefully with TOKO (a wholly-owned subsidiary of DLA Piper) as a strategic custodian additional demonstrates our dedication to implementing strong compliance requirements and defending investor pursuits.”
Alessio Quaglini, CEO and Co-Founder, Hex Trust 

In November 2020, Hedera Hashgraph, in collaboration with DLA Piper launched the tokenization engine, TOKO – a digital asset creation engine that {couples} the compliance and regulatory rigor of a world legislation agency with the progressive know-how options of tomorrow.

TOKO offers a platform for creating new markets and makes use of distributed ledger know-how to disseminate market data and supply transparency.

“With its deal with the best safety requirements and enterprise-grade workflows and rigorous strategy to compliance, Hex Belief has established itself as a number one, bank-grade, Asian digital asset custodian. Given TOKO’s traction within the asset tokenization market, we’re excited to see Hex Belief appointed as an official custodian of TOKO.”
Mance Harmon, CEO and Co-Founder, Hedera 

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James Smith

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